Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Full Sail Capital LLC

Full Sail Capital LLC increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 936.9% in the fourth quarter, Holdings Channel reports. The firm owned 4,210 shares of the semiconductor company’s stock after buying an additional 3,804 shares during the quarter. Full Sail Capital LLC’s holdings in Lam Research were worth $304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Diversified Trust Co grew its stake in Lam Research by 8.3% in the 4th quarter. Diversified Trust Co now owns 3,741 shares of the semiconductor company’s stock valued at $270,000 after acquiring an additional 286 shares during the last quarter. Fortitude Family Office LLC grew its position in shares of Lam Research by 896.7% in the fourth quarter. Fortitude Family Office LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 538 shares during the last quarter. ORG Partners LLC increased its stake in shares of Lam Research by 900.0% during the 4th quarter. ORG Partners LLC now owns 1,310 shares of the semiconductor company’s stock worth $95,000 after purchasing an additional 1,179 shares in the last quarter. Ridgewood Investments LLC raised its position in shares of Lam Research by 1,196.6% during the 4th quarter. Ridgewood Investments LLC now owns 6,535 shares of the semiconductor company’s stock worth $472,000 after purchasing an additional 6,031 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC lifted its stake in Lam Research by 810.4% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 3,050 shares of the semiconductor company’s stock valued at $220,000 after buying an additional 2,715 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on LRCX. Morgan Stanley raised their price target on Lam Research from $81.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 24th. Cantor Fitzgerald reissued an “overweight” rating and issued a $90.00 target price on shares of Lam Research in a research note on Thursday, April 24th. Susquehanna raised shares of Lam Research from a “neutral” rating to a “positive” rating and raised their price target for the stock from $75.00 to $125.00 in a research note on Thursday, February 20th. KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research report on Friday, January 17th. Finally, Needham & Company LLC reduced their price objective on shares of Lam Research from $96.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and an average target price of $91.56.

Insider Buying and Selling

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the transaction, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Lam Research Price Performance

LRCX opened at $75.43 on Friday. Lam Research Co. has a 52-week low of $56.32 and a 52-week high of $113.00. The company has a 50 day moving average of $71.56 and a two-hundred day moving average of $75.19. The company has a market cap of $96.48 billion, a P/E ratio of 22.91, a P/E/G ratio of 1.47 and a beta of 1.64. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same period in the prior year, the firm earned $7.79 EPS. The firm’s quarterly revenue was up 24.4% compared to the same quarter last year. On average, analysts expect that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.